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The addition of Zeguro’s digital cybersecurity platform will strengthen HSB’s cybersecurity services and offer a broad range of cyber insurance products.
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The company, soon to merge with Omnichannel’s SPAC, posted a gross profit of $8.0mn.
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The move is part of the InsurTech’s efforts to expand its independent agents program.
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The private equity-backed retail brokers have lessons to teach the sector’s tech start-ups.
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Corvus touts AI and data tools as it launches its financial institutions coverage, backed by Accredited and an A+ rated reinsurance panel.
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The InsurTech said it will significantly grow sales efforts in the next two years.
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InsurTechs are forcing traditional industry players to take on more risk, while new technologies are paving the way for collaboration between the new and old guard, Jones said.
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Munich Re’s venture capital arm Munich Re Ventures has closed a $500mn Munich Re Fund II to invest in early-stage companies.
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The partnership aims to encourage stronger SMB security and protect Microsoft customers from increasing cyber risks.
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With the transaction, cloud-based software provider Insurity expands its analytical software suite.
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Timm was speaking at InsureTech Connect on a panel entitled “Public versus Private” that weighed the benefits and drawbacks for InsurTechs pursuing a public listing.
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Corvus Insurance signs veteran cyber engineer Weafer as CTO as part of its growth strategy.